Book Image

SAS for Finance

By : Harish Gulati
Book Image

SAS for Finance

By: Harish Gulati

Overview of this book

SAS is a groundbreaking tool for advanced predictive and statistical analytics used by top banks and financial corporations to establish insights from their financial data. SAS for Finance offers you the opportunity to leverage the power of SAS analytics in redefining your data. Packed with real-world examples from leading financial institutions, the author discusses statistical models using time series data to resolve business issues. This book shows you how to exploit the capabilities of this high-powered package to create clean, accurate financial models. You can easily assess the pros and cons of models to suit your unique business needs. By the end of this book, you will be able to leverage the true power of SAS to design and develop accurate analytical models to gain deeper insights into your financial data.
Table of Contents (9 chapters)

Forecasting Stock Prices and Portfolio Decisions using Time Series

I wish I had put more money into this stock. I should have trusted my technical analysis. I need to trust my broker. My gut feeling told me I should have cut my losses. Aren't these all statements that we have heard individuals involved in stock markets say at some point?

With a stock price, you can instantly see the impact of getting forecast right or wrong. It pays to be right. But if it were so simple, anyone could forecast the closing price of a blue-chip share and make millions. Maybe if it were so simple, there wouldn't be anything to distinguish investors, and the returns for everyone investing would be smaller, as the winning prize would be split across millions of investors. The ability to make the right call on investment decisions is what differentiates successful and unsuccessful investors...